Polygon Becomes Second Largest GameFi Blockchain: Will It Affect Metacade?

Ethereum Layer-2 scaling solution Polygon (MATIC) has seen a massive increase in user activity over the past month.

Based on the Blockchain Games Report, published by the decentralized application (dApp) analytics platform DappRadar, the total number of unique active wallets (UAWs) engaged with games built on top of Polygon has reached a high of 138,081 in March. This indicates that it increased by 53% compared to its February 2023 performance.

The growth of Polygon’s gameFi sphere and its value to the web3 space

The number of 138,081 users on Polygon places it well ahead of the third-ranked Hive blockchain and the fourth-ranked BNB chain.

Hive has 84,000 UAWs, while BNB Chain has 80,000 UAVs.

The blockchain that was placed first is Wax, and it has 314,000 UAWs, making it a leader.

The main reason why Polygon (MATIC) is a point of interest is that it overtook Hive throughout the month to secure its second place. This is a positive sign for both blockchain and Web3 games.

Based on the data, most of the UAW increase was due to the Hunters on-chain play from BoomLand, which alone saw an increase of over 17,000% in the last month.

The report claims that all gaming activity on the chain reached 741,567 unique active wallets, representing a 3.33% decrease in March. Games, however, still make up 45.6% of the dapp industry’s activity in Q1 2023.

The data suggests that this momentum can be seen in alternative GameFi projects and platforms.

The list of the best gaming protocols with unique active wallets includes WAX, Polygon, Hive, BNB Chain and Klaytn.

It is clear that today more blockchains than ever support GameFi functionality and have their own ecosystem of games with Play-to-Earn (P2E) elements and a high level of interactivity.

Based on the growth of Polygon, it is clear that other blockchains also have a high potential to accelerate and grow regarding their player accounts and unique users per month.

Metacade could see a much higher level of utility due to the growth in appeal of GameFi.

Metacade (MCADE) is a Web3 community hub where gamers and those just enthusiastic about cryptocurrency and gaming can collaborate and communicate.

The platform aims to establish itself as a GameFi center where everyone can join a wider Web3 community. Players can access their favorite games or Play-to-Earn (P2E) projects and increase their overall engagement.

The Metagrant scheme, where the community votes, can manage the resources available in the project’s treasury, giving developers and games the support they need to develop.

With these grants, developers can put projects into practice. There is also a dedicated game board. Through it, anyone can find work in the blockchain space, as they will have a place where they can apply for job vacancies.

Metacade (MCADE) is built on top of the Ethereum blockchain, and its native cryptocurrency, MCADE, follows the ERC-20 token standard.

This means that it can be purchased and stored on the blockchain, and many wallets that support Ethereum’s mainnet will also support MCADE to ensure a high level of compatibility.

With the general appeal of GameFi increasing, users will find Metacade to be the place for community engagement in the space.

MCADE represents a solid investment opportunity for 2023 and beyond with the increased appeal of Web3 gaming

With more blockchains than ever before starting to support the development of blockchain games, and the number of users on blockchains like Polygon increasing, it is a clear indication that the GameFi space is healthy and that there is a high level of activity around it.

The Metacade project (MCADE) has a high potential to grow in value and represents a solid investment opportunity in an ecosystem that will develop in 2023 and beyond.

However, it is still important to understand that the project is in the early stages of development and it is likely that the team behind it will push out more updates and developments and increase the user base towards the end of 2023.

With all of this in mind, it’s clear that investors or traders who are in it for the long haul can gain access to a high-growth cryptocurrency.

Its decentralized social hub, the variety of ways players can earn money, the general appeal of supporting new developers, games and the ability for users to find jobs in the Web3 space through the platform make it possible to have a solid value proposition for investors.

Metacade is now out of the pre-sale stage and has already been listed on Uniswap. It will be listed on Bitmart on April 16 and on MEXC on April 30.

With the end of the pre-sale and pending IPOs, investors and traders will want to get hold of MCADE and can do so by visiting the website here.